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Market-making banks might change the stance of the "counter-cyclical factor" in the event of irrational one-way movements on the forex market, according to the statement.

Mats Harborn, president of EUCCC, said: "Chinese firms are clearly becoming stronger and more competitive. It is time for China to remove the training wheels to create a sustainable economy for the long term."

Many laolai have tried a variety of ways to shun repayment.

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Mao said courts will work with financial regulators to share data on cross-border finance to prevent major financial risks, and actively exercise jurisdiction in cases arising from offshore financial activities that disturb the domestic financial order.

Massachusetts Senator Elizabeth Warren has proposed a two-percent wealth tax starting at million in earnings. New York Senator Kirsten Gillibrand is calling for a levy on financial transactions, and Sanders says inheritances should be taxed up to 77 percent.

Many Weibo users reposted the picture and expressed their grief when they saw the picture.

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Mary Sue Coleman, president of the Association of American Universities, said in a statement that the ICE policy is "immensely misguided and deeply cruel" to international students.

MasterCard, another US-based card company, is also preparing to apply for a license, it said in an email.

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Many entertainment companies whose main business is cinema operations expect to register a loss for the first quarter.

Mark Hitchcock, general manager of New Zealand oral care brand Grin Natural, who is now busy working on the company's presence in the upcoming CIIE in November, told Xinhua that the Chinese market represented about one third of its export volume and was growing fast.